Tldr; oSnap has integrated with Tenderly’s Simulator feature, meaning users can now preview transactions ahead of publishing a proposal. This improvement will benefit oSnap users by offering them a way to prevent transaction-related issues.
Key takeaways:
oSnap has integrated with Tenderly Simulator, offering users the opportunity to preview transactions before they publish proposals.
Tenderly is a reliable Web3 development platform that lets users simulate transactions before executing them onchain.
This update will prevent transaction-related issues and make oSnap’s user experience more seamless.
oSnap is free to integrate and only takes a few minutes to turn on.
oSnap launched in February 2023 and has seen rapid growth in the DAO ecosystem. The optimistic governance solution has succeeded because it has a simple job that it does extremely well: oSnap lets DAOs execute governance voting outcomes onchain in a decentralized manner. Crucially, it’s also easy to use, offering users a seamless path to embrace optimistic governance.
To that end, oSnap was built with the user experience front-of-mind. That’s why the solution has just integrated with Tenderly, the Web3 development platform that provides testing and simulation services to smart contract builders. This update is significant because it will allow oSnap users to preview transactions before sending them. We detail how this will improve DAO governance for oSnap DAOs below.
Preview your transactions in Snapshot
With oSnap’s previous iteration, users could build transaction payloads in Snapshot. If a proposal passed and no one disputed it within a challenge window, the transaction would automatically get executed onchain. To date, oSnap has helped DAOs like Connext and CoW Protocol get governance done more efficiently without relying on central teams.
While this solution has always been elegant, it had a drawback: users could not test their transactions. As a result, there was always a risk of a failed or incorrect transaction whenever a proposal was published. This design was problematic as it placed reliance on Snapshot admins for manual execution and the UMA team to support teams, to say nothing of the potential financial losses from mistakes.
oSnap’s Tenderly integration offers a significant level-up by introducing a useful feature: transaction simulation.
How Tenderly improves oSnap
Tenderly is a beloved tool used by top Web3 developers every day. By using Tenderly’s Simulator feature, the new oSnap lets users run test transactions to preview how they will behave. This means they can address any issues before a proposal gets published.
The integration will help DAOs benefit from oSnap’s simple value proposition, not least when they first adopt the solution. It should also give DAOs more confidence to step into the world of optimistic governance.
Put simply, Tenderly makes the user experience better for oSnap DAOs because they can now preview any important transaction before it gets added to the transaction payload in Snapshot.
What is oSnap?
oSnap is short for “Optimistic Snapshot Execution.” Secured by UMA’s optimistic oracle, oSnap uses Snapshot’s gasless voting mechanism with Safe wallets to help DAOs execute the outcomes of governance votes onchain in a trustless manner.
When a proposal passes a governance vote, the transaction associated with the proposal gets asserted to UMA to be executed onchain. If no one disputes the transaction within a challenge window, it automatically gets executed onchain. Anyone can post a bond to dispute a transaction, and $UMA tokenholders vote to resolve the bond in dispute cases.
oSnap has quickly found traction in the DAO ecosystem. One year since launching, the solution secures about $500 million today.
Another step forward for the DAO ecosystem
oSnap makes DAO governance more efficient and decentralized, saving them money and eliminating the need for multisig wallets. The Tenderly integration improves on oSnap’s earlier design by allowing transaction previews, minimizing the risk of errors and ultimately making trustless DAO governance easier.
oSnap is free to integrate and only takes a few minutes to turn on. It’s been audited by OpenZeppelin. To learn more about integrating the solution into your project, visit osnap.xyz.
Words by @dreamsofdefi
